Another large-cap gainer that has had an impressive performance is AAVE.
The price of Bitcoin jumped to $58,000 twice, on Monday and Tuesday, but then stopped rising and fell by more than a thousand dollars.
While most altcoins saw small daily losses, ICP bucked the overall sentiment and posted a massive 12% gain.
BTC progress stalled
The major cryptocurrency ended the last work week on a bad note, plunging more than $4,000 on Friday, hurt by the U.S. August jobs report and rising outflows from spot Bitcoin ETFs.
However, bulls managed to arrest the free fall towards $50,000 again. BTC recovered some of its losses and stayed above $54,000 for most of the weekend.
On Monday, things improved somewhat, with the asset surging to a multi-day high of $58,000. While the possible reasons remain debated, it once again touched that level on Tuesday, but ultimately failed to break through.
The subsequent rejection has caused its price to drop by about $1,500 and is currently trading near $56,500. Its market cap has slipped to $1.150 trillion on CG, while its dominance has fallen slightly back to 53.6%.
ICP, AAVE ignore market sentiment
Most altcoins have seen some gains over the past few days, but have turned negative since yesterday, similar to BTC. Ethereum hit $2,400 yesterday, but has fallen back to $2,330 as of now. BNB briefly topped $520, but has now fallen to $512.
SOL, DOGE, XRP, ADA, AVAX, and SHIB have also suffered similar or even worse losses.
In contrast, AAVE surged 9% to surpass $150. ICP had an even more impressive daily gain, rising 12% to $8.7.
The cumulative market capitalization of all crypto assets has fallen by $30 billion since yesterday, falling to $2.080 trillion.
